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NET INCOME PER COMMON SHARE | 12 Months Ended
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Feb. 02, 2025
Earnings Per Share [Abstract] |
NET INCOME PER COMMON SHARE | NET INCOME PER COMMON SHARE The Company computed its basic and diluted net income per common share as follows:
(In millions, except per share data) | 2024 |  | 2023 |  | 2022
Net income | $ | 598.5 |  |  | $ | 663.6 |  |  | $ | 200.4 |
Weighted average common shares outstanding for basic net income per common share | 56.0 |  |  | 61.0 |  |  | 65.7 |
Weighted average impact of dilutive securities | 0.7 |  |  | 0.7 |  |  | 0.5 |
Total shares for diluted net income per common share | 56.7 |  |  | 61.7 |  |  | 66.2 |
Basic net income per common share | $ | 10.69 |  |  | $ | 10.88 |  |  | $ | 3.05 |
Diluted net income per common share | $ | 10.56 |  |  | $ | 10.76 |  |  | $ | 3.03 |
Potentially dilutive securities excluded from the calculation of diluted net income per common share as the effect would be anti-dilutive were as follows:
(In millions) | 2024 |  | 2023 |  | 2022
Weighted average potentially dilutive securities | 0.4 |  |  | 0.8 |  |  | 1.4 |
Shares underlying contingently issuable awards that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net income per common share for that period. The Company had contingently issuable PSU awards outstanding that did not meet the performance conditions as of February 2, 2025, February 4, 2024 and January 29, 2023 and, therefore, were excluded from the calculation of diluted net income per common share for each applicable year. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 0.2 million, 0.1 million and 0.2 million as of February 2, 2025, February 4, 2024 and January 29, 2023, respectively. These amounts were also excluded from the computation of weighted average potentially dilutive securities in the table above.

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